Latest news with #Keke's
Business Wire
18-06-2025
- Business
- Business Wire
Keke's Breakfast Cafe Leaps Forward with PAR Technology on the Menu
NEW HARTFORD, N.Y.--(BUSINESS WIRE)-- Keke's Breakfast Cafe, one of the fastest-growing breakfast chains in the U.S., today announced it has selected PAR Technology Corporation (NYSE:PAR) to power its bustling cafes with PAR® POS, PAR® Pay, and reliable hardware solutions. This collaboration lays a solid foundation for Keke's rapid expansion, ensuring scalability, connected systems, and innovation as they prepare for their next stage of growth. Keke's journey has been nothing short of remarkable. Since its acquisition by Denny's in 2022, the brand has expanded from its Florida roots to become a national sensation, with over 140 units in development. The chain is reimagining every aspect of its operations, from updated store designs with brighter, more inviting aesthetics to innovative menu offerings catering to families and foodies alike. Amid its rapid growth and transformation, Keke's has embraced technology to ensure every guest's experience is exceptional. With PAR® POS and PAR® Pay, supported on mobile tablets, Keke's teams can take orders more efficiently, reduce wait times, and provide faster service without compromising the personal touch that guests love. These tools, powered by PAR's cloud-based platform, create a reliable and flexible foundation for managing both the high volumes of Keke's current and future locations. 'Keke's has always been about providing the best for our guests. Partnering with PAR allows us to bring that philosophy into the digital age,' said David Schmidt, President of Keke's Breakfast Cafe. 'With PAR's innovative solutions, we're creating efficiencies that empower our team and enhance every guest interaction.' As Keke's continues to transform its cafes with refreshed designs, expanded menus, and modernized kitchens, successfully scaling a fast-growing brand requires thoughtful, purpose-driven solutions. PAR's open API platform ensures seamless integration across all systems, enabling aligned data and smooth operations that guests don't see but always feel. For Keke's, this collaboration is about building not just for today but for the future, with scalable technology that grows alongside their business. 'Who doesn't love breakfast? It's the one meal that brings everyone together, whether families, friends, or solo diners looking for a great start to their day. Keke's knows how to make that experience unforgettable, and we're excited to help them take it even further,' said Savneet Singh, CEO of PAR Technology. 'We're bringing together the warmth of breakfast with the power of smart technology to make mornings smoother, faster, and more enjoyable.' Backed by PAR's expertise, Keke's is not only enhancing its operations but setting a new standard in the breakfast space—delivering speed, convenience, and joy to guests across the country. About Keke's Breakfast Cafe Keke's Breakfast Cafe is a Florida-born restaurant chain specializing in breakfast, brunch, and lunch favorites. Known for its freshly made meals, Keke's offers a wide range of options, including pancakes, waffles, omelets, and other classic dishes. With a commitment to high-quality ingredients and excellent customer service, Keke's Breakfast Cafe provides a welcoming and relaxed dining experience for customers of all ages. The cafe currently operates in Florida, Georgia, Nevada, Tennessee, Texas, Colorado and California, with other locations in multiple U.S. states slated in the near future. For more information, please visit and follow Keke's on Instagram, Facebook, and LinkedIn. About PAR Technology For over four decades, PAR Technology Corporation (NYSE: PAR) has been a leader in restaurant technology, empowering brands worldwide to create lasting connections with their guests. Our innovative solutions and commitment to excellence provide comprehensive software and hardware that enable seamless experiences and drive growth for over 100,000 restaurants in more than 110 countries. Embracing our "Better Together" ethos, we offer Unified Customer Experience solutions, combining point-of-sale, digital ordering, loyalty and back-office software solutions as well as industry-leading hardware and drive-thru offerings. To learn more, visit or connect with us on LinkedIn, X (formerly Twitter), Facebook, and Instagram.
Yahoo
05-05-2025
- Business
- Yahoo
Denny's (NASDAQ:DENN) Surprises With Q1 Sales
Diner restaurant chain Denny's (NASDAQ:DENN) reported Q1 CY2025 results exceeding the market's revenue expectations , with sales up 1.5% year on year to $111.6 million. Its non-GAAP profit of $0.08 per share was in line with analysts' consensus estimates. Is now the time to buy Denny's? Find out in our full research report. Revenue: $111.6 million vs analyst estimates of $110.1 million (1.5% year-on-year growth, 1.4% beat) Adjusted EPS: $0.08 vs analyst estimates of $0.08 (in line) Adjusted EBITDA: $16.82 million vs analyst estimates of $17.82 million (15.1% margin, 5.7% miss) EBITDA guidance for the full year is $82.5 million at the midpoint, in line with analyst expectations Operating Margin: 4.7%, down from 9.1% in the same quarter last year Locations: 1,491 at quarter end, down from 1,614 in the same quarter last year Same-Store Sales fell 3% year on year (1.3% in the same quarter last year) Market Capitalization: $195.1 million Kelli Valade, Chief Executive Officer, stated, "The beginning of the year has presented significant challenges for consumers, which is evident in our results. Our teams have remained focused on executing against our strategic initiatives and winning with our guests, despite these macro headwinds. This included staying true to our Denny's flagship, by focusing on compelling value, being strategic in reaching new younger demographics through innovative partnerships and new menu offerings. Keke's continued to steal share in its home state of Florida while also growing to its seventh state, Georgia. The dedication of our teams and franchisees continue to push our brands forward and we remain committed to navigating these headwinds together." Open around the clock, Denny's (NASDAQ:DENN) is a chain of diner restaurants serving breakfast and traditional American fare. A company's long-term performance is an indicator of its overall quality. Any business can have short-term success, but a top-tier one grows for years. With $454 million in revenue over the past 12 months, Denny's is a small restaurant chain, which sometimes brings disadvantages compared to larger competitors benefiting from better brand awareness and economies of scale. As you can see below, Denny's revenue declined by 5.2% per year over the last six years (we compare to 2019 to normalize for COVID-19 impacts) as it closed restaurants. This quarter, Denny's reported modest year-on-year revenue growth of 1.5% but beat Wall Street's estimates by 1.4%. Looking ahead, sell-side analysts expect revenue to grow 5.2% over the next 12 months. Although this projection indicates its newer menu offerings will fuel better top-line performance, it is still below the sector average. Software is eating the world and there is virtually no industry left that has been untouched by it. That drives increasing demand for tools helping software developers do their jobs, whether it be monitoring critical cloud infrastructure, integrating audio and video functionality, or ensuring smooth content streaming. Click here to access a free report on our 3 favorite stocks to play this generational megatrend. A restaurant chain's total number of dining locations often determines how much revenue it can generate. Denny's operated 1,491 locations in the latest quarter. Over the last two years, the company has generally closed its restaurants, averaging 2.7% annual declines. When a chain shutters restaurants, it usually means demand for its meals is waning, and it is responding by closing underperforming locations to improve profitability. The change in a company's restaurant base only tells one side of the story. The other is the performance of its existing locations, which informs management teams whether they should expand or downsize their physical footprints. Same-store sales provides a deeper understanding of this issue because it measures organic growth at restaurants open for at least a year. Denny's demand within its existing dining locations has barely increased over the last two years as its same-store sales were flat. This performance isn't ideal, and Denny's is attempting to boost same-store sales by closing restaurants (fewer locations sometimes lead to higher same-store sales). In the latest quarter, Denny's same-store sales fell by 3% year on year. This decline was a reversal from its historical levels. It was good to see Denny's narrowly top analysts' revenue expectations this quarter. On the other hand, its EBITDA missed significantly and its EPS fell short of Wall Street's estimates. Overall, this was a softer quarter. The stock traded down 2.2% to $3.70 immediately after reporting. Denny's earnings report left more to be desired. Let's look forward to see if this quarter has created an opportunity to buy the stock. When making that decision, it's important to consider its valuation, business qualities, as well as what has happened in the latest quarter. We cover that in our actionable full research report which you can read here, it's free. Sign in to access your portfolio
Yahoo
05-02-2025
- Business
- Yahoo
Keke's Breakfast Cafe temporarily closes four Orlando-area locations
Keke's Breakfast Cafe has temporarily closed four of its Orlando area locations after a dispute between the restaurant and a local franchise owner. The four restaurants are in Apopka, Lake Mary, Windermere and Winter Park. Keke's, which serves breakfast and lunch and is perhaps best known for its large pancakes, said it tried to work with the franchise owner to keep those Central Florida locations open but decided a temporary closure was the best option. It hopes all the restaurants will reopen with new owners, though it did not provide a timetable. 'Closing a cafe for any amount of time is never the first choice or an easy one,' the restaurant said in a prepared statement. 'Keke's, Inc. made significant efforts to partner with the non-compliant franchisee to find a solution that would result in the best possible outcomes for all parties and prevent closures.' The company declined to provide details on what prompted the decision to close and in what ways the franchise owner was 'non-compliant.' Gregory Leitzinger, the franchise owner of the four Keke's locations, has been sued several times by other businesses who argue his restaurant companies have not paid back loans as promised. But Leitzinger said he was forced out by Keke's leadership after declining to expand his role within the organization, choosing to operate only his four locations. 'They were forcing me to sell the locations they wanted to own and sell franchises and things,' he said. 'If you weren't willing to do that and open new stores with them outside of Orlando and the Florida markets, they basically didn't want to continue doing business with you.' After he refused to sell, he said lawsuits were filed in retaliation. The loans in question were taken out to construct the four local Keke's restaurants, he added. The lawsuits — filed in New York because of where the loan companies do business — so far have ended with three judgments against Leitzinger and his companies totaling $192, three ongoing lawsuits against his companies seek another $392,000. Leitzinger said he was not notified of the closures until Jan. 28, the day the restaurants closed. 'They sent me an email the day that they closed the restaurants without giving me or the staff any notice,' he said. Several employees from the closed Keke's restaurants have already found new roles within the company, according to a statement from Keke's, though positions for every employee impacted by the closures are not guaranteed. Keke's officials said they visited each location to 'communicate directly with managers and team members' before temporarily closing and do not 'take the impact on their lives lightly', according to their statement. An Orlando-based franchise, Keke's was acquired by Denny's Corp. in July 2022 for $82.5 million. For Leitzinger, who opened the first Keke's franchise location in Winter Park in 2010, the sale to Denny's was when his troubles began, he said. 'Things started to go south when Denny's took over the company, and it's had issues since then,' he said. 'But this was definitely not a decision I would have made and there were other avenues they could have gone down.' The company said Tuesday via email that it had no further comment on what it called 'an ongoing matter.' In its earlier statement, the company said, 'Today, our focus is on encouraging all involved parties to complete the necessary transactions swiftly so that cafes can reopen and resume employing and serving the surrounding communities.' Leitzinger said he also hopes to see the local Keke's cafes open for business again. 'I don't believe that we'll continue to work together, but it's my hopes that they will come to some sort of resolution so that the restaurants can reopen and that employees can be brought back in a timely manner,' he said.
